The Pros And Cons When Residing in Singapore Condos927750

Relocating to a condominium is a dream become a reality for many young professionals and families today. What many don't realize is that condo living is unique in many aspects. Those accustomed to living in single unit houses will definitely go through a phase of adjustment after transferring to their new homes. For buyers of Singapore condos, financial changes would be the most evident.

Families and people who consider moving to a condo will love the amenities for example swimming pool, gym, basketball court, or tennis court. Accessibility-wise, most Singapore condos are situated in locations near supermarkets, offices, schools, and hospitals.

Condos are still more affordable than townhouses or single unit homes and they make a great investment. Some homeowners today purchase The Linq @ Beauty World and lease them to BPO employees. Even though many decide to buy, there is still many who would rather rent.

Adjustment phase: Prepare to cover condominium and association fees

Many condos require payment per month of association fees, for repair and maintenance of common areas of the building. Homeowners are only in charge of repairs and maintenance inside their own units. In Singapore condos, most condominium associations set aside a fund for future expenses. General and exterior repairs are the obligation with the condo association. The association dues collected from condo unit owners are employed to maintain the facilities and amenities provided by the real estate. These fees vary, but they are almost always not as cheap as property owners would like them to become. For a growing family or perhaps for single tenants, the condo fees definitely require a toll on their budget.

Leave behind total silence and privacy

Singapore condo unit owners are partners with the rest of the home people who just love the complex. Typically there will be more than four condo units in each floor, based on the area of the complex. Literally, units are separated by walls. Lucky for individuals who live next to people who like serenity and peace, but living next to a family particularly with children or close to a couple who perpetually argues can be bothersome.

Owners only have rights for the interior walls of these units. The remainder of the structure with the building and also the land is given to other condominium unit owners. Also, unlike townhouses which have verandas, garages, or garden, condo living is restricted to the four spaces of a unit. Families with children will see that it is a challenge to have their young confined in their Singapore condos. That's where the club amenities seem useful. There are many Singapore condos that offer excellent amenities aside from beautiful units. When purchasing condos, look at the amenities agreed to compensate for the lack of personal space.

When the time comes a condo unit owner decides to sell his unit, it could take longer than anticipated to resell it. Today, it really is easier to purchase a property than to resell it. Singapore condos relatively have higher market price due to the location; even the resale value remains competitive years after the purchase.

For first time home owners, condo living still remains a better choice and many are prepared to overlook the cons.